Common use of Termination for Insolvency Clause in Contracts

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 89 contracts

Samples: Tenderers, Tenderers, Agriculture and Food Authority

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Termination for Insolvency. 26.1 The Procuring Entity purchaser may at any time terminate the Contract contract by giving written notice to the Supplier supplier if the Supplier supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Suppliersupplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring Entitypurchaser.

Appears in 41 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

Termination for Insolvency. 26.1 The Procuring Entity purchaser may at any time terminate the Contract contract by giving written notice to the Supplier supplier if the Supplier supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Suppliersupplier, provided that such termination will not prejudice or affect any right of action or remedy that remedy, which has accrued or will accrue thereafter to the Procuring Entitypurchaser.

Appears in 26 contracts

Samples: Tender Document, www.thekwini.edu.za, Health and Safety

Termination for Insolvency. The Procuring Entity may at any time shall terminate the this Contract by giving notice to the Supplier if the Supplier becomes is declared bankrupt or otherwise insolventinsolvent as determined with finality by a court of competent jurisdiction. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityEntity and/or the Supplier.

Appears in 14 contracts

Samples: Service Level Agreement, www.deped.gov.ph, Maintenance Agreement

Termination for Insolvency. (a) The Procuring Entity Purchaser may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityPurchaser.

Appears in 11 contracts

Samples: Form of Contract, Form of Contract, vodokanal-cherkasy.ck.ua

Termination for Insolvency. 26.1 The Procuring Entity Purchaser may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityPurchaser.

Appears in 11 contracts

Samples: Bidding Document, Agreement, eproc.punjab.gov.pk

Termination for Insolvency. 25.1 The Procuring Entity Agency may at any time terminate the Contract by giving written notice of one-month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that which has accrued or will shall accrue thereafter to the Procuring EntityParties.

Appears in 10 contracts

Samples: pshealthpunjab.gov.pk, Bidding Document, Bidding Document

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of rightof action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 8 contracts

Samples: Framework Agreement, makueni.go.ke, makueni.go.ke

Termination for Insolvency. 26.1 The Procuring Entity Purchaser may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityPurchaser. 27.

Appears in 8 contracts

Samples: eproc.punjab.gov.pk, eproc.punjab.gov.pk, eproc.punjab.gov.pk

Termination for Insolvency. The Procuring Entity Agency may at any time terminate the Contract by giving written notice of one month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that which has accrued or will shall accrue thereafter to the Procuring EntityParties.

Appears in 8 contracts

Samples: Bidding Document, eproc.punjab.gov.pk, eproc.punjab.gov.pk

Termination for Insolvency. 26.1. The Procuring Entity purchaser may at any time terminate the Contract contract by giving written notice to the Supplier supplier if the Supplier supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Suppliersupplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring Entitypurchaser.

Appears in 7 contracts

Samples: Framework Agreement, Johannesburg Roads Agency, Framework Agreement

Termination for Insolvency. (a) The Procuring Entity Purchaser may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityPurchaser

Appears in 5 contracts

Samples: Contract Agreement, Contract Agreement, www.dgi.gov.lk

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityEntity Termination for Convenience.

Appears in 4 contracts

Samples: knh.or.ke, knh.or.ke, knh.or.ke

Termination for Insolvency. 26.1 The Procuring Entity Agency may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityAgency.

Appears in 4 contracts

Samples: www.aiou.edu.pk, www.aiou.edu.pk, www.ppra.org.pk

Termination for Insolvency. 25.1 The Procuring Entity Agency may at any time terminate the Contract by giving written notice of one month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that which has accrued or will shall accrue thereafter to the Procuring EntityParties.

Appears in 3 contracts

Samples: Framework Contract, eproc.punjab.gov.pk, eproc.punjab.gov.pk

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity.

Appears in 3 contracts

Samples: kpa.co.ke, www.kpa.co.ke, www.kpa.co.ke

Termination for Insolvency. The Procuring Entity Contracting Institute may at any time terminate the Contract by giving written notice to the Supplier Supplier, if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that remedy, which has accrued or will accrue thereafter to the Procuring EntityContracting Institute.

Appears in 3 contracts

Samples: www.tropmet.res.in, www.tropmet.res.in, www.tropmet.res.in

Termination for Insolvency. (a) The Procuring Entity Purchaser may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityPurchaser 35.3

Appears in 2 contracts

Samples: Contract Agreement, Contract Agreement

Termination for Insolvency. 26.1. The Procuring Entity Agency may at any time terminate the Contract by giving written notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityAgency.

Appears in 2 contracts

Samples: eproc.punjab.gov.pk, eproc.punjab.gov.pk

Termination for Insolvency. 18.1 The Procuring Entity Agency may at any time terminate the Contract by giving written notice to the Supplier Service Provider if the Supplier Service Provider becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the SupplierService Provider, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityAgency

Appears in 2 contracts

Samples: pshealthpunjab.gov.pk, eproc.punjab.gov.pk

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Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation withoutcompensation to the Supplier, provided that such termination will not prejudice or affect any right of rightof action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 2 contracts

Samples: Agriculture and Food Authority, Framework Agreement

Termination for Insolvency. 22.1 The Procuring Entity Agency may at any time terminate the Contract by giving written notice of one-month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that which has accrued or will shall accrue thereafter to the Procuring EntityParties.

Appears in 2 contracts

Samples: phfmc.pshealthpunjab.gov.pk, phfmc.pshealthpunjab.gov.pk

Termination for Insolvency. 18.1. The Procuring Entity Agency may at any time terminate the Contract by giving written notice to the Supplier Service Provider if the Supplier Service Provider becomes bankrupt or otherwise insolvent. In such this event, termination will be without compensation to the SupplierService Provider, provided that such termination will not prejudice or affect any right of action or remedy that which has accrued or will accrue thereafter to the Procuring EntityAgency.

Appears in 2 contracts

Samples: www.psdf.org.pk, www.urbanunit.gov.pk

Termination for Insolvency. (a) The Procuring Entity Contracting Authority may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityContracting Authority.

Appears in 2 contracts

Samples: www.sombor.rs, Form of Contract

Termination for Insolvency. The the Procuring Entity Agency may at any time terminate the Contract by giving written notice of one month time to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such this event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that which has accrued or will shall accrue thereafter to the Procuring EntityParties.

Appears in 1 contract

Samples: eproc.punjab.gov.pk

Termination for Insolvency. (a) The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 1 contract

Samples: Agreement

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract Framework Agreement by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 1 contract

Samples: Framework Agreement

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will terminationwill be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to thereafterto the Procuring Entity

Appears in 1 contract

Samples: Framework Agreement

Termination for Insolvency. (a) The Procuring Entity Purchaser may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityPurchaser GCC 36.1 Neither the Purchaser nor the Supplier shall assign, in whole or in part, their obligations under this Contract, except with prior written consent of the other party.

Appears in 1 contract

Samples: Contract Agreement

Termination for Insolvency. (a) The Procuring Entity Purchaser may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityPurchaser (b) The Supplier is able to terminate the Contract under the conditions stated in clause 14.5 GCC.

Appears in 1 contract

Samples: Agreement (Kallo Inc.)

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring EntityEntity 34.3

Appears in 1 contract

Samples: minijust.prod.risa.rw

Termination for Insolvency. The Procuring Entity agency may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will shall be without compensation to the Supplier, provided that such termination will shall not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entityagency.

Appears in 1 contract

Samples: www.ricb.bt

Termination for Insolvency. The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier Lessor if the Supplier Lessor becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the SupplierLessor, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

Appears in 1 contract

Samples: muranga.go.ke

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